Racebets Review – Read our Bookmaker Rating in 5 Mins
Racebets is a German bookmaker that’s specifically designed for one sport and one sport only: horse-racing. The bookie started in 2005 and quickly became the market leader in Germany. An agreement with German Racing made them a major shareholder and ensured that Racebets’s profits were invested back into the sport. In 2012, Racebets opened up into the British and Irish racing betting market with full-service bets.
While the company was originally founded in Germany, it moved to Malta in 2010 and operates under a licence from the Malta Gambling Authority. Racebets also boasts a licence from the British Gambling Commission.
With horse races from 40 countries, there is for horse-racing enthusiasts to explore. In fact, there are over 250,000 races for punters to bet on every year. While horse-racing is the primary focus, greyhound racing is also available on Racebets.
- Only horseracing and greyhound racing.
- Has races from 40 countries.
- Boasts partnerships with German and UK Racing.
- Statistical partner with Oddschecker.com and At the Races.
The result of the OpenOdds Racebets review: The best horse-racing-specific portal out there
As a niche site specifically known for horse racing (as well as also being invested in greyhounds), it is known as an important portal for those types of punter. It has a much greater offering for horse-racing than other online bookmakers. The industry partnerships help boost its brand equity among its stakeholders. Users also have great access to the data and statistics needed to make the most informed bets. OpenOdds have given a 71 out of 100 rating as an online bookmaker comparison overall. It is the 50th most popular mobile site among all bookmakers which shows that there is a lot of traffic on this niche bookie.
Racebets experiences: the most comprehensive horse racing bookmaker on the market
- An incomparable number of horse races offered on the market: over triple the offering of its closest competitor.
- Its exclusive focus on horse and greyhound racing is ideal for expert race punters.
- Bonuses for novice and experienced bettors.
- A wealth of information to use when planning your betting strategies.
- Lots of live streaming of races.
Detailed Racebets Sportsbook Review. Rating report: your home for horse racing
We’ve arrived at the most important section of our review. As in every review you’ll find on OpenOdds,this is the section where we dive deep into the best online bookmakers. Here are the ten categories we use to thoroughly analyse all of our bookies:
- Betting odds
- Customer service
- Sports covered
- In-play product
- Payment methods
- Other products
- Betting limits
1.) Bonuses: A generous offer with extra bonuses to boot!
Racebets' bonus is a great way to be welcomed into the community. The qualifying bet you need to make is £10, and once you place your qualifying bet, you’ll get 100% back. That’s right: a 100% first deposit welcome bonus. In order to qualify for the welcome bonus, there’s one important thing to note about how the money needs to be deposited into your Racebets account. It can’t be done via prepaid credit or debit card, nor using Paysafe, Skriller nor Neteller. Also, the bet must have odds of at least 1.5 or more.
How can you access the welcome bonus? When your open your account, and make your deposit through the qualifying payment methods, you must enter the WELCOME bonus code in the bonus section. The time-frame is very comfortable: you have 45 days from entering the bonus code and placing your qualifying bet to take advantage of the opening offer.
Remember, before you can withdraw all of your winnings, you need to roll over the money five times before it gets released for your personal use.
Besides the welcome bonuses, there’s a whole array of other sports betting bonuses available to you for all types of races.
2.) Betting odds: Best odds guaranteed on horse racing? There’s a bonus for that.
Are you always worried about whether your sportsbook has the best odds available for the events you want to wager on? For those of you who bet on horses and have this fear, you’re in luck. There’s a special set of races on offer on Racebets that qualify all UK users for Best Odds Guaranteed.
On all races that have the Best Odds Guaranteed Label in the UK, Ireland, and the United Arab Emirates, and you end up taking a fixed price on your bet, and if the SP price (or starting price) ends up being higher than the one you pay, you’ll get paid the larger quantity. This only works for same-day bets on races, so for those of you who prefer race-day betting, this is truly an odds guarantee you can get behind. But remember, Ante-Post, Tote/Pools, Place Only, and Match Bets don’t qualify for the guarantee.
Another added benefit in terms of betting odds comparison is their partnership with OddsChecker and At the Races, ensuring you really are getting the best odds and prices out there on the market.
3.) Customer Service: It’s not 24/7 but you’ll hear from them within 24 hours
First, the bad news: unlike larger bookmakers, there’s no 24/7 customer service. The good news: there are plenty of ways to get in touch with them and the services offered do make up for that one caveat. From 9 AM to 6 PM CET European time (8 to 5 in the UK), customers will be able to speak to the Customer Service team on live chat or over the phone to handle any possible doubt you may have and get the help you need to make the most out of their services. If you find yourself playing when they’re not around, fear not: all email queries are typically answered and sorted out within 24 hours.
4.) User-friendliness: The web page is definitely your friend
The interface is definitely one that won’t frustrate you. Since it’s similarly structured to a lot of the big multi-purpose bookies out there, there’s no steep learning curve involved when adjusting to the site. You have everything available on the top bar: the slate of the current day’s racers, all of the offers at your disposal, the streams, and of course the statistics and data that is a hallmark of what Racebets offers. A big plus is that the Help button is right at the top of the page instead of hidden in the footer. You’ll be able to get to all of your questions answered in an easy manner. While there are no separate betting apps for download, there’s a mobile site that’s available for you to use on your mobile or tablet.
5.) Sports covered: If you don’t fancy horses or hounds, this won’t be your betting ground
There are only two games around on Racebets: horseracing and greyhound racing. It’s truly a niche bookmaker. What they lack in variety they make up for in the depth they provide in the sports they do focus on. In this case, the specificity of the product is perfect for those who are truly invested in betting on horses and greyhounds. Given that they have partnerships with racing authorities in the UK and Germany, it ensures that Racebets is in the know through all of the nooks and crannies of the racing world.
6.) In-play product: You needn’t bother because it doesn’t apply
Since racing bets don’t require any type of in-play product option, Racebets naturally doesn’t have any type of in-play product available. However, if you prefer to bet at the last minute, you can check out the “Today” and “Ante-Post” options once you enter the Racebets site to see the closest thing racing has to in-play products. Depending on the market you choose, and what’s available, there 14 different types of bet to choose from throughout Racebets.
7.) Payment: Plenty of ways to deposit and withdraw
Besides bank transfers, there are a flexible number of safe options for Racebets deposit and withdrawal. Visa and MasterCard are the credit card companies accepted, but there are a number of other payment methods at your disposal too, such as PayPal, Skrill and Neteller. You can also use a Paysafe card as well. The minimum deposit depends on the way you pay, ranging from £1 (Skrill) to £20 (PayPal). Across all payment methods available for British consumers, there’s only a deposit limit for Paysafe card users, set at £1,000. As for withdrawals, as long as the money in your account is not obstructed by any type of bonus, then you’re able to withdraw part or all of your balance. It does get a little tricky when you use multiple payment methods; you have to level off each of the methods you use before you’re able to decide where you want your withdrawal to go to. You’ll typically get your money in 72 hours. One last piece of advice: certain withdrawals have some fees. If the withdrawal is under £5, you’ll be charged £1.50 to offset the costs of processing a withdrawal. On your fourth withdrawal or more within 30 days, there’s a 50p handling fee, and a £15 fee on any bank transfers that are not under SEPA.
8.) Other Products: All racing, all the time
Just like we mentioned again in “Sports Covered,” the menu of products is straightforward: horseracing or greyhound racing. There are no casino games, live poker, or any of the other perks that other online bookmakers have to encompass all aspects of betting.
9.) Security: Is Racebets safe?
Is Racebets safe? Racebets boasts the GlobalSign SSL encryption, which ensures that all of your personal and payment information is safe while punting on Racebets. It’s one of 2.5 million certificates issued worldwide.
10.) Betting Limits: Simply a minimum, no maximum, but limits on winnings
While there are no betting limits, there are some maximums on winnings. There is a weekly net winning limit of £100,000. There are also some limits per race. For horse racing, it’s based on the category of race: for category 1 races you can win up to €200,000, €100,000 for category 2, and €25,000 for categories 3 and 4. For greyhound racing, there’s a blanket maximum winning limit of €25,000. As for the betting minimum, it’s 50p. For a more in-depth look at all of the winning and limits regulations, you can have a look at the [Racebets Terms and Conditions]. You can set your own betting limits from the deposits within 1 and 28 days, losses you’re willing to incur during a 1- or 28-day window. You can also set a time-out window of up to six weeks, and if you want to self-exclude yourself, you can do so for up to 5 years as a UK resident.
Conclusion: The final verdict on Racebets
If you’re keen to simply focus on racing, there’s no better place to make wagers than on Racebets. There are plenty of opportunities to capitalise on bonuses, not just when you join, as well as all of the information you need to create optimal horse and greyhound betting strategies. You’ll be sure to reap the rewards of betting on races in 40 countries, plenty of races with best odds guaranteed, and an interface that makes it easy to wager and withdraw big money wins.
Racebets: Opinions & Experiences of actual users
Do you agree with OpenOdds' Racebets sportsbook review? Or maybe you’ve had a completely different experience than we’ve had? In any case, we want to hear from you: the good, the bad, and the ugly. Your opinion matters to the entire OpenOdds community, not just to those of us who keep the website running. That’s why your help makes what we give you much better and helps us build our dedicated community of users. We want you to be able to bet on the horses that will give you the biggest shot at a handsome payday, so what is your Racebets rating?